http://www.thechicago77.com/2009/05/are-you-a-short-sale-or-foreclosure-buyer/ Comprehensive Chicago Real Estate Information Tue, 31 Jan 2012 13:18:33 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.thechicago77.com/2009/05/are-you-a-short-sale-or-foreclosure-buyer/#comment-2034 Are Short Sales the “Deal of the Century?” | The Chicago 77 Tue, 13 Apr 2010 12:17:05 +0000 http://www.thechicago77.com/?p=1369#comment-2034 [...] of foreclosures and short sales saturating the market. There are many deals to be had out there but caveat emptor, meaning…buyer [...] [...] of foreclosures and short sales saturating the market. There are many deals to be had out there but caveat emptor, meaning…buyer [...]

]]> http://www.thechicago77.com/2009/05/are-you-a-short-sale-or-foreclosure-buyer/#comment-633 With So Many Short Sales Today, Should I Wait to Buy? | The Chicago 77 Thu, 25 Jun 2009 12:41:51 +0000 http://www.thechicago77.com/?p=1369#comment-633 [...] answer, in a word, ?No.? Short sales certainly seem to be on the rise due to a variety of reasons: it can depend [...] [...] answer, in a word, ?No.? Short sales certainly seem to be on the rise due to a variety of reasons: it can depend [...]

]]> http://www.thechicago77.com/2009/05/are-you-a-short-sale-or-foreclosure-buyer/#comment-626 Mortgage Rates Around 5.25%, But Could Go Up Due to Decrease in Mortgage-Backed Bonds | The Chicago 77 Wed, 24 Jun 2009 16:24:49 +0000 http://www.thechicago77.com/?p=1369#comment-626 [...] are up month-on-month in Chicago. The pressure on new home sales comes from existing resales of foreclosures where many bargains can be found by today?s [...] [...] are up month-on-month in Chicago. The pressure on new home sales comes from existing resales of foreclosures where many bargains can be found by today?s [...]

]]> http://www.thechicago77.com/2009/05/are-you-a-short-sale-or-foreclosure-buyer/#comment-539 Brad Walbrun Wed, 03 Jun 2009 20:50:19 +0000 http://www.thechicago77.com/?p=1369#comment-539 Nice post, Katie, as always. I'd just like to throw in my two cents, and say 203k loans are a great option for somebody buying a distressed property. Nice post, Katie, as always.
I’d just like to throw in my two cents, and say 203k loans are a great option for somebody buying a distressed property.

]]> http://www.thechicago77.com/2009/05/are-you-a-short-sale-or-foreclosure-buyer/#comment-533 Successfully Closing a Short Sale Is Not Always Easy | The Chicago 77 Tue, 02 Jun 2009 13:57:31 +0000 http://www.thechicago77.com/?p=1369#comment-533 [...] the buyer and the seller. I have found one of the biggest pitfalls to a successful closing has been short sales, a relatively new type of transaction to even the most experienced real estate agent and mortgage [...] [...] the buyer and the seller. I have found one of the biggest pitfalls to a successful closing has been short sales, a relatively new type of transaction to even the most experienced real estate agent and mortgage [...]

]]> http://www.thechicago77.com/2009/05/are-you-a-short-sale-or-foreclosure-buyer/#comment-446 The Ugly Truth About Loan Modifications | The Chicago 77 Mon, 18 May 2009 14:37:52 +0000 http://www.thechicago77.com/?p=1369#comment-446 [...] forgiveness A third type is debt forgiveness or principal reduction. This is common in short sale scenarios. Let?s say somebody owned a house that was once valued at $300,000. They had 90% LTV financing [...] [...] forgiveness A third type is debt forgiveness or principal reduction. This is common in short sale scenarios. Let?s say somebody owned a house that was once valued at $300,000. They had 90% LTV financing [...]

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